Center City Office Building on Market, Signaling Potential Sales Trend

Center City office building hits market in what could be indicator for future sales

Amidst a slowdown in the office sales market, a boutique property in Philadelphia’s central business district is available for sale at a likely discounted price. The 15-story, 133,353-square-foot office building at 1760 Market St. is listed by owner Victor F. Keen, a retired tax attorney. While the listing lacks a specific price, industry estimates suggest a potential sale in the low $20 million range. This would represent a significant drop from the $31.5 million Keen paid for the building in 2018. Keen, formerly the chair of Duane Morris’ tax practice and now of counsel at the law firm, is selling the property to shift his focus to different asset classes.

*Article courtesy of Philadelphia Business Journal

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